Economy

All that you need to know about Mutual Funds last week

Updated : December 31, 2018 06:18 AM IST

2018 has been the year of the retail investors. This year marks the first time that the individual investors have overtaken institutional investors to grab a majority stake in the mutual fund industry. The share of the individual investors has risen from 48.8% to 54% over the course of the year.

This year also saw an inflow of Rs 3 trillion in Assets Under Management of the Mutual fund industry. The strong participation of retails investors despite market volatility coupled with the consistent increase in SIP flows boost the likelihood that this uptrend might continue in the new year.

The FII net outflow from Indian equities stands at $4.58 billion, the highest since the net outflow of $12.92 billion in 2008. The Indian markets, however, have been stabilized by a record inflow of Rs 1.09 trillion from Domestic Institutional investors this year. Domestic mutual funds, with their stable SIP flows, have been front-runners of the DII investment.

India's GST Council has announced a GST rate cut on 23 goods and services, bringing down the number of items left in the highest 28% tax bracket to 28. The new GST rates will be effective from 1 January 2019.

Gold price is now at a level that it last touched only in June 2018. Naturally, Fund of funds investing in Gold leads the pack of this week's top performing Mutual funds.

Index Returns:

Index	Weekly open	Weekly close	Change
BSE Sensex	35,742.07	36,076.72	0.94%
Nifty	10,754.00	10,859.90	0.98%
S&P BSE SmallCap	14,633.62	14,605.69	-0.19%
S&P BSE MidCap	15,253.00	15,360.21	0.70%

Source- BSE/NSE

Top 5 best performing funds:

Name	Week	3Y	Category
DSP WORLD GOLD	2.1%	9.7%	Fund of Funds
ABSL GOLD	1.7%	6.7%	Fund of Funds
TATA INFRASTRUCTURE	1.7%	8.3%	Sectoral
FRANKLIN INDIA FEEDER U S OPP	1.7%	7.9%	Fund of Funds
ICICI PRU TECHNOLOGY	1.6%	11.6%	Sectoral

Source – Kuvera.in

Top 5 worst performing funds:

Name	Week	3Y	Category
DSP US FLEXIBLE EQUITY	-2.7%	8.9%	Fund of Funds
ICICI PRU GLOBAL STABLE EQUITY	-2.7%	5.7%	Fund of Funds
DSP WORLD ENERGY	-2.6%	2.7%	Fund of Funds
EDELWEISS US VALUE EQUITY OFF SHORE	-2.6%	6.5%	Fund of Funds
DHFL PRAMERICA EURO EQUITY	-2.5%	0.3%	Fund of Funds

Source – Kuvera.in

What investors bought:

We saw the most inflows in these 5 schemes –

Name	1Y	3Y	Category
MIRAE ASSET INDIA EQUITY	-0.1%	15.0%	Multi Cap
KOTAK STANDARD MULTICAP	-0.6%	14.7%	Multi Cap
PARAG PARIKH LONG TERM EQUITY	0.3%	10.7%	Multi Cap
ICICI PRU BLUECHIP	-0.6%	13.3%	Large Cap
L&T EMERGING BUSINESSES	-13.3%	17.4%	Small Cap

Source – Kuvera.in

What investors sold:

We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –

Name	1Y	3Y	Category
SBI MAGNUM MULTICAP	-5.4%	12.1%	Multi Cap
HDFC TOP 100	0.1%	13.3%	Large Cap
SBI MAGNUM MIDCAP	-17.5%	6.0%	Mid Cap
ABSL EQUITY	-3.8%	15.0%	Multi Cap
HDFC BALANCE ADVANTAGE	-0.5%	13.4%	Balanced

Source – Kuvera.in

Movers and shakers at fund house:

1/ ICICI Prudential Mutual Fund has announced an NFO for ICICI Prudential India Opportunities Fund. This open-ended equity scheme will follow a ‘special situations’ theme. The fund will be managed by Sankaran Naren and Roshan Chutkey, with Priyanka Khandelwal handling the overseas investments.

Quote of the week:

One resolution I have made, and try always to keep is this – To rise above the little things.

John Burroughs

Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

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